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EXPLOSIVES supplier Orica has written down $155 million – or $109 million after tax – of Burrup Technical Ammonium Nitrate plant defective components.
Orica has written down $155 million of defective components at the Burrup TAN plant.
Over the past six months of rectification works at the troubled plant Orica and its TAN plant partner Yara have identified a number of assets that need to be replaced or repaired.
Also reducing its exposure to thermal coal to keep investors happy.
Coronavirus cuts Orica's profit
